This month we're offering a free report on how to negotiate the best deal on a car with the dealership. Email info@fatfinance.com.au to request a copy of this report today.

Whether you're just after a consumer (personal) car loan, or you are self employed and need to finance a new car or equipment for your growing business, a finance lease can be a great option for you. Our team would like to make the process of enquiry and approval as quick, easy and transparent for you. We can even help you with car quotes, and inside information on values, as well as tricks of the trade. For a quick quote use the button on the left, and any questions you have be sure to ask so our consultants can assist you the best way. 

So what is a lease?

• A lease is essentially rental finance facility that allows a lessee to acquire vehicles or equipment over an agreed term.
• Ownership of the goods financed remains the property of the financier until full payment.
• Finance can include a balloon payment (residual debt) at the end of term to lowere your monthly repayments
• The lessee can offer to payout any residual debt at the end of the term and acquire ownership of the assets purchased. Alternatively, if you do have a residual debt we can refinance that over another term once it becomes due. Most times owners will either pay this out, or trade the car in and upgrade to a newer vehicle.
• Rental payments can be structured to suit the individual needs of the lessee with rental payments being tax deductible.
• Consumer loans are essentially set up as leases, we can offer up to 7 year terms and balloon payments for consumers at good rates too.
• An attractive finance option for sole proprietors, partnerships and companies that use the 'cash' 
method of accounting for GST. Under the cash method, the goods are financed excluding 
the GST component of the acquisition price of the assets that are claimed back by the financier. This means you are financing the ex GST price, reducing the amount borrowed. However GST is then charged on your monthly payments which can be claimed back on the entity's next Business Activity Statement over the term of the finance contract.
• At the end of the lease the lessee has the option of refinancing residual debt for another lease term.
• Under a finance lease, the lessee is responsible for all maintenance and running costs of goods.
• Allows lessee to select a lease term and repayments to suit their cash flow, allows more flexibility in budgeting.
• No initial outlay required from the lessee as finance is for 100% of the value of the goods.
• Goods do not appear on the lessee's balance sheet.
• Deposits not required. You might choose to trade in an existing vehicle in order to put in a deposit to reduce the amount to be financed.

What about NOVATED leases?

This is essentially a salary packaged product, which is easy to set up with your employer. The loan is still a lease, however, generally you will make the payment out of your pre-taxed income, therefore reducing your tax bill. If you would like information on Novated leases or for us to arrange to discuss with your employer or HR team, we are more then happy to assist.

Please Note: As with all financing options, clients should consult their accountant or financial adviser to determine which product is most suitable for their individual circumstances. Information on this website should not be construed as financial advice.